Agriculture Insurance Company of India Limited was incorporated under the Indian Companies Act 1956 on 20th December, 2002 with an authorised share capital of INR 15 billion and paid up capital of INR 2 billion. AIC commenced business from 1st April, 2003.

A ccelarate the economic momentum of the nation by bringing financial stability to rural India. I nnovate and develop rural-oriented and farmer friendly insurance product for all agricultural and allied risks.C ast a protective net over agricultural and allied activities from natural perils and risks.

A gricultural insurance products be designed and developed on scientific basis and sound insurance principles to address diverse needs of farmers. I mprove delivery and service of agricultural insurance so as to bring the remotest and poorest farmers under its umbrella in the economical and effective manner.C reate widespread awareness about agriculture insurance as the principal risk mitigation tool, and thus establish it as an effective bulwark of the rural economy.